finance corporation to offer 5,000 minority families with loan amounting to rs 1-2 lakhs- Telengana

The Telangana govt has approved rs 50 crore budget to execute the “Bank linked subsidy – economic support scheme” for minorities.

Through this scheme, five thousand families will be benefitted and they may be provided with a loan of rs 100,000-2,00,000 depending on category. The category-i of the bank-linked subsidy, really worth rs 1 lakh with an eighty per cent subsidy, and class-ii, really worth rs 2 lakh with a 70 % subsidy.

Telangana minority finance corporation mohammad imtiyaz ishaq stated, recently CM KCR sanctioned a price range of rs 50 crores for minorities finance organization. Under this amount, we have decided to present loans for 5,000 households underneath category-i of the bank-related subsidy, that are well worth rs 1 lakh with an 80 % subsidy, and category-ii, which can be really worth rs 2 lakh with a 70 per cent subsidy.

we’ve divided loans in to 2 categories first one lakhs loans for 3,500 households and lakhs loans for 1,500 households. The authorities moto is to assist poor human beings and lead them to financially strong, aside from this authorities have launched many schemes for terrible minority people like shaadi mubarak, schooling loans, and so on., like this authorities of Telangana assisting the negative minority humans with schemes, he added.

now we’re giving to 5,000 families and again we have planned to give 5,000 extra households after a assembly with higher authority, we are hoping this may retain similarly and help increasingly terrible human beings through telangana authorities, he said.

Ibrahim, a beneficiary stated, “I have received minority loan which helped me financially, I thank Telangana government and KCR sir for helping the poor minority people and now Telangana government have sanctioned 50 crores rupees for Minorities welfare schemes by which thousands of people will be benefited.”

Zafar ali, any other beneficiary said, i thank kcr sir and telangana authorities for giving loans for minority people in preceding government no person cared about the minorities however after formation of telangana kcr sir is helping terrible minority humans given us minority welfare schemes with this terrible people are getting economic sturdy, he said.